6 ms·
> People inventing/printing an endless supply of money for their own benefit. This is odd because Bitcoin, despite is ecological problem, was created to precis
by TacticalCoder 5y ago
> People inventing/printing an endless supply of money for their own benefit.
This is odd because Bitcoin, despite is ecological problem, was created to precisely not have an unlimited supply. There are only ever going to be 21 millions Bitcoin and the free market was supposed to decide was one Bitcoin was worth (offer and demand: nobody was coerced into buying any).
I don't like Bitcoin's carbon footprint but I can see how Bitcoin maximalists may be disgusted by all the shitcoins and by NFTs.
I don't think "Satoshi Nakamoto" (whatever that means), if he/they is/are still alive, planned on creating an unlimited supply of money just for the sake of getting rich.
To me Bitcoin seemed more like some kind of an anarchist cyberpunk statement than a ponzi/scam.
- jqpabc123 5y ago... was created to precisely not have an unlimited supply. Bitcoin is not the only crypto. The supply of bitcoin clones and cryptocurrencies in general is unlimited. ... planned on creating an unlimited supply of money just for the sake of getting rich. What was *planned* doesn't change the reality that exists in the crypto marketplace. And the creator is no longer in control.